OddsJam Betting Results for Week 22

Welcome to week 22 of a 52-week account of my experience over the year with OddsJam.

You can read about last week here: OddsJam Bettings Results for Week 21 of 52.

Recap

Week 22 was a slight bounce-back week. I managed to turn the corner on the negative variance monster, and managed a slight profit for the week.

It is good to be back to a green week again. After such a downswing over the past few weeks, I adjusted my bankroll size down (to reflect my actual bankroll) and tightened my criteria for bets – mostly looking for slight favorites a bit more. Adjusting your bankroll is something that should be done on a more frequent basis – either daily if you have a big up/down day, or weekly at the most. This ties in with effective use of the Kelly Criterion for growing your bankroll, but also keeping your bankroll going on the downswings.

Keeping a calm level head has done me well in the past during downswings, and has worked well again to get through this one. We know that value betting (aka +EV aka positive expected value betting) works long-term. A few weeks, or even an off month, will happen. It is one thing to say you need to keep a level head before or after a rough ride, it can be very different when you are going through it. If you are going to be a profitable value bettor, be prepared.

Something that I did find helpful this time was connecting with a few others on X (Twitter) for a bit of encouragement. See the bottom of the post if you are looking to connect with me or the rest of the community.

NFL (enjoy the playoffs), NHL, and NBA are all available for bets. There are also a ton of NCAAB games every week. Now is a great time to start your own profitable sports betting journey! Start your free trial of OddsJam. Take 35% off your first month with coupon code Beyond35 and really explore what OddsJam is all about.

“Believe you can and you’re halfway there.” – Theodore Roosevelt

Highlights

I managed to find, and land, an edge this week that was over 15%! Herbert Jones had over 3.5 rebounds in the Pelicans-Mavericks game. I placed the bet at 2.2 odds (+120 American) and the closing line value was 1.74 (-135 American). That closing edge was a lot bigger than 15% to add to the fun. A very profitable edge regardless.

My longshot for the week was VCU beating George Mason. A nice little upset for a bankroll boost. I had the bet at 2.85 odds (+185 American). This was a 3.8% edge at the time of the best, and it closed well in my favor as well. It was good to have that edge hold up as well. I’ve had a few move against me recently, but that is just part of the game.

Results

Being up $40 for the week feels good. As mentioned, being in the funk that I was is rare, so to post some gains again is really good. A win is a win.

Results for 2024 so far, as you can imagine, are not positive. However, we measure over the long term and there is plenty of runway left in January and 2024 to do great things! Sticking with the edges taht I find with OddsJam is a winning formula.

The Numbers

I’m still crushing the CLV (closing line value)! I beat the CLV 82% of the time this week, slightly down on the 87% last week. My win rate was 49% again, but it must have been the right 49% to pull out a profit.

To illustrate this win rate concept a bit more, consider two bets for $10 each. Bet A is placed at odds of 2.1 (+110 American) and Bet B is placed at odds of 1.9 (-110 American). If you win only one bet, your win rate will be 50%. However, profit/loss depends on the bet you win. If you win Bet A, you’d be in profit. If you win Bet B, you’d have a loss. This is one of the reasons that win percentage isn’t always telling you the whole story.

My profit margin/wager this week was 2.78%. Considering the edges I was placing, it would have been great to see that a bit higher. Still, it is positive and significant enough that I’ll gladly take it. I had 91 bets placed for the week. This isn’t as high as I’d like, but when I started to pull back a bit and look for slightly higher edges with slightly favored odds, it was to be expected.

Turnover for the week was just under $1500. That is a reflection of fewer bets and the bankroll adjustment that I had made resulting in slightly smaller bet sizes. Not a worry as I know this number will climb again as my bankroll grows.

Growing the bankroll slowly again thanks to OddsJam is always a good thing!

X (Twitter)

Hit me up on X (Twitter) @BeyondTheEV if you ever have any questions about anything to do with OddsJam or want to follow along a bit more closely with my journey.

Disclaimer: Links to OddsJam are affiliate links and I am not hiding that. I truly believe in their product and use it daily. Visit OddsJam for a 7-day free trial and see for yourself. Take 35% off your first month with coupon code Beyond35 and really explore what OddsJam is all about.